The Financial Post reports in its Friday edition Barrick Gold executive chairman John Thornton is rolling out a Wall Street-style partnership to give his lieutenants significant stakes in the company. A Bloomberg dispatch to the Post says Barrick this month named its inaugural 35 partners, a group that includes mine managers as well as the most senior managers in Toronto. Partners will receive long-term incentive-based pay in the form of restricted stock that cannot be sold until retirement or departure. The shares will comprise more than half of total compensation for the six most senior executives in the partnership if targets are met, and after five years all the partners will be required to hold stock worth multiples their base salaries. A partnership model is something more typically associated with financial services. Its adoption by Mr. Thornton, a one-time employee of Goldman Sachs, is indicative of his intentions to return Barrick to its entrepreneurial roots after a series of management missteps. "We are restoring both the model and the mindset of partnership," the company said in a memo. "Like Barrick's founders, today's leaders will rise and fall together as owners of the business."